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What is bank. |
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Answer» People deposit their extra cash in bank.\xa0A bank in addition to keeping the money also pays interest on the deposit to the depositor. Thus bank deposits are also called demand deposits.A person simply needs to have an account with the bank to deposit money.\xa0A cheque can be used to make payment directly from a bank deposit without using cash. Bank is an institution which accept the deposits and give loans . an organization which keeps money safely for its customers; the office or building of such an organization. You can take money out, save, borrow or exchange money at a bank |
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